Agreement extends earlier partnership on Cat 1 LTE technology

PARIS, France – February 16, 2016 – LTE chipmaker Sequans Communications S.A. (NYSE: SQNS) has partnered with Gemalto, the world leader in digital security, to extend the companies’ leadership in the LTE category 1 (Cat 1) market by developing a new set of narrowband LTE MTC solutions based on Category M1 (formerly called Cat M) and Category M2 (formerly called NB-IoT) technologies. The aim of the new partnership is to accelerate the availability of solutions based on the coming Release 13 of the 3GPP LTE standard to ensure devices will be available when LTE MTC (LTE for machine-type-communications) networks are ready. By combining the unique expertise of both companies, the partnership will expand the market for LTE technology to include new applications and use cases best served with lower maximum data rate, ultra-low power, reduced cost and complexity, and other narrowband characteristics defined in Release 13. While the existing Sequans-powered Gemalto modules address the growing list of devices in areas such as security, telematics and digital signage that will continue to require Cat 1 capabilities, the new Gemalto modules based on Sequans’ Cat M chips will address an additional list of newer, narrowband IoT devices, including wearables, asset trackers, smart meters, smart city controllers, and industrial sensors.

“After we introduced our first-to-market Cat 1 module based on Sequans’ leading Cat 1 LTE chipset, we are now extending our partnership to the next generation of LTE technology to answer the clear demand of several vertical markets and also to support leading mobile network operators in Cat M deployments,” said Norbert Muhrer, senior vice president of M2M at Gemalto. “We have taken the lead on Cat 1 solutions, and now will continue to move aggressively with Sequans in the narrowband LTE Cat M1 and M2 space. Serving our customers with a full spectrum of LTE options enhanced by our distinctive strengths in connectivity and security is our mission in the IoT market.”

“Our partnership with Gemalto has led to important innovation in the Cat 1 modules Gemalto recently introduced, and we are excited to see this innovation continue in narrowband LTE Cat M,” said Georges Karam, Sequans CEO. “We are working on solutions that integrate our respective key capabilities in a way that will give our customers distinct competitive advantages not available elsewhere.

“The LTE for IoT market is vast and will need LTE connectivity solutions for a wide range of devices, from the low power, low bandwidth types addressed by Cat M1 and M2, to the higher performance, wider bandwidth applications best addressed by Cat 1. The Gemalto-Sequans partnership will ensure that high quality, highly efficient LTE module solutions are available for every application.”

Sequans Communications S.A. (NYSE: SQNS) is an LTE chipmaker and leading provider of single-mode LTE chipset solutions to wireless device manufacturers worldwide. Founded in 2003, Sequans has developed and delivered six generations of 4G technology and its chips are certified and shipping in 4G networks around the world. Today, Sequans offers two LTE product lines: StreamrichLTE™, optimized for feature-rich mobile computing and home/portable router devices, and StreamliteLTE™, optimized for M2M devices and other connected devices for the Internet of Things. Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China. Visit Sequans online at www.sequans.com